阳泉正努力把自己打造成红色之城、科幻之城、记忆之城、化 石之城。 作者： 郑淯心 封图：受访者供图 从北京乘高铁出发，行驶两小时，窗外景色从华北平原渐次隆起为太行山脉，穿过一条隧道，阳泉便到了。 （阳泉东站直达北京丰台站列车开通 刘胜/摄） 这座位于山西东部的小城，面积不足4600平方公里，却藏着中国近代工业史的诸多印记。1906年，正太铁路穿境而过，阳泉站设立，让这个原本的集 镇成为晋东物资周转中心。1907年，源于那场席卷全国的保矿运动，保晋铁厂创办，催生了山西近代规模最大的民族资本工矿企业。此后数十年，404 家市属县区企业在此聚集，从煤炭、冶金到机械制造、电子、化工，门类齐全。阳泉矿务局、阳泉钢铁厂、晋东化工厂——这些名字曾支撑起新中国工 业的骨架。 作为中国最大的无烟煤生产基地，阳泉是一个资源型城市。随着山西文旅的流量上升，阳泉的文旅资源也逐渐被全国看见。 在文旅转型中，阳泉发挥着自己工业城市的优势，把水泵厂转型为景点，把豆腐村转型成文化村，更有新中国首座110千伏公用变电站变身为工业遗产 教育基地、"山西小布达拉宫"银圆山庄通过修缮改造重获新生。 走进"阳泉记忆·1947"文化园，最先感受到的是时 ...

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Market Overview - U.S. stocks experienced a significant decline on February 12th, 2026, with the Dow Jones Industrial Average falling 1.03% to 49,605.19, the S&P 500 down 1.13% to 6,862.95, and the Nasdaq Composite dropping 1.61% to 22,695.23, driven by concerns over artificial intelligence's impact on corporate profits and anticipation of inflation data [1][2] Corporate Movers - Cisco Systems (CSCO) saw its stock drop approximately 10% despite exceeding earnings expectations, primarily due to disappointing forward guidance that raised growth concerns [3] - AppLovin (APP) experienced a dramatic sell-off, with shares tumbling around 18.3% despite reporting stronger-than-expected profits, reflecting market anxieties about AI disrupting software business models [4] - Micron Technology (MU) had a positive stock movement following optimistic comments from its CFO regarding next-generation HBM4 memory production, a key component for AI infrastructure [5] - McDonald's (MCD) shares rose after reporting stronger-than-anticipated profits, while Walmart (WMT) also performed well, contributing positively to the S&P 500 [6] - Tenet Healthcare Corporation (THC) surged after a strong earnings report, and T-Mobile US, Inc. (TMUS) rose after beating earnings estimates, while Shopify Inc. (SHOP) and Moderna, Inc. (MRNA) faced declines due to missing earnings expectations and FDA decisions, respectively [7] Sector Movements - In the energy sector, coal stocks like Peabody Energy (BTU) and Hallador Energy (HNRG) gained momentum following executive orders from the Trump administration aimed at supporting the coal industry [8] Economic Outlook - The upcoming U.S. Consumer Price Index (CPI) release is expected to significantly influence market direction, with investors closely monitoring it for signs of inflationary pressures, which will impact the Federal Reserve's interest rate decisions [9]

President Donald Trump signed an executive order on Wednesday directing the Department of War to buy electricity from coal-fired power plants, aiming to support the struggling industry.The order requires the Pentagon to enter purchase agreements for an unspecified amount of coal-generated power. Additionally, the Energy Department will allocate $175 million to upgrade six coal plants across Kentucky, North Carolina, Ohio, Virginia, and West Virginia."We're going to be buying a lot of coal through the milita ...

Coal stocks advanced Wednesday following news that President Donald Trump plans to sign an executive order that could help the industry. ...

Core Viewpoint - Ramaco Resources Inc. (NASDAQ:METC) is identified as a promising high-upside materials stock, with recent upgrades from analysts indicating positive sentiment towards the company's potential growth and market conditions [1][2]. Group 1: Analyst Upgrades and Price Targets - Jefferies upgraded Ramaco Resources Inc. from Hold to Buy, adjusting its price target to $30.00 from $33.00, citing potential upside risk to coal price assumptions [1]. - Robert W. Baird analyst Ben Kallo maintained a Buy rating on Ramaco Resources Inc. and set a higher price target of $40 [2]. Group 2: Coal Price Forecasts - Jefferies forecasts coal prices at $198 per ton for the current year, which is below the current futures price of $245 per ton, indicating a potential upside for the company [1]. Group 3: Geopolitical Risks and Project Concerns - Ongoing geopolitical risks related to critical minerals were noted as positive factors for the company, contributing to the rating improvement despite a price target reduction due to risks associated with the Brook project [2]. Group 4: Financial Developments - Ramaco Resources Inc. announced that its principal lender, KeyBank, increased total commitments under its amended revolving credit agreement to $500 million, extending the maturity date to 2030 [3]. - The expanded facility includes a $350 million revolving commitment and a $150 million accordion feature, up from the previous $200 million commitment with a $75 million accordion feature [3]. Group 5: Company Overview - Ramaco Resources Inc. develops, operates, and sells metallurgical coal to blast furnace steel mills and coke plants in North America and to international customers [4].

Black Bear Value Fund, an investment advisor, released its fourth-quarter 2025 investor letter. A copy of the letter can be downloaded here. In December, the Black Bear Value Fund returned +0.2%, bringing 2025 returns to -12.6%. The S&P 500 returned +0.1% in December and +17.9% in 2025. In a rising market environment, the Fund has lost 10-15% over the two years. The Fund does not aim to replicate the Index, so some performance variation is expected. Heading into 2026, the firm has several strong names in i ...

Core Insights - Speculation regarding peak demand for hydrocarbons continues, with recent data indicating a 4.4% decline in Asian seaborne coal imports in 2025 from an all-time high the previous year, suggesting a potential peak coal scenario [1] Group 1: Coal Demand and Production - Asian coal imports totaled 1.09 billion metric tons in 2025, down from 1.14 billion tons in 2024, indicating a possible peak in demand in the largest importing region [2] - Despite the decline in imports, China's domestic coal production reached a record high of 4.83 billion tons last year, contributing to the reduced need for imports, which were 490 million tons [3] - India's government is reconsidering its plans to halt coal capacity expansion by 2035, potentially extending it to 2047 due to concerns over the ability of wind and solar to replace coal, which currently accounts for over 70% of electricity generation [4] Group 2: Price Dynamics and Market Trends - Thermal coal prices fell to a four-year low in June last year but rebounded, with Australian coal prices increasing by 16% and Indonesian coal by 12%, which may have weakened import demand [5] - The growth of new wind and solar capacity is slowing, yet it is projected that the combined electricity output from renewables will surpass that of coal for the first time this year [6]

Financial Performance - Alliance Resource Partners, L.P. reported a fourth quarter EBITDA of $191.1 million, reflecting a 54.1% increase year over year, resulting in a free cash flow of $93.8 million after Capex adjustments [1] - The royalties segment achieved a record year with an adjusted EBITDA contribution of $30 million for 2025, indicating strong performance in oil and gas royalties [4] Market Conditions - Average coal sale prices decreased by 4% year over year due to the expiration of higher-priced legacy contracts and lower coal sales volumes, which were affected by the timing of committed deliveries [2] - Despite the revenue decline, increased production and inventory suggest significant earnings potential in upcoming quarters, supported by favorable long-term and short-term industry conditions [3] Valuation - The company appears undervalued with a price to earnings ratio that is 44% lower than coal peers and 51% lower than oil peers, despite generating record free cash flow and maintaining a strong balance sheet [5]

光大期货0204热点追踪：印尼断供煤炭？详细盘点国内煤炭的进口格局 新浪合作平台光大期货开户 安全快捷有保障 责任编辑：朱赫楠 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 光大期货0204热点追踪：印尼断供煤炭？详细盘点国内煤炭的进口格局 新浪合作平台光大期货开户 安全快捷有保障 责任编辑：朱赫楠 ...